Bank of Baroda has reduced its marginal cost based lending rate (MCLR) across all tenors. For overnight the rate has been revised to 8.05%, for one month maturities, the rate has been revised to 8.10%, while for three month and six month maturities the rate has been reduced to 8.15% and 8.25% respectively and for one year maturities, it is 8.30%, while for 3 year and five years it is at 8.45% and 8.60% respectively. The new MCLR rates are effective from 7th October, 2017.

Public sector lender, Bank of Baroda has announced a revision in its base rate and Benchmark Prime Lending Rate (BPLR). The base rate of the bank has been revised from existing 9.50 per cent to 9.15 per cent and for BPLR the rates have been revised to 13.45 per cent from existing 13.80 per cent. The revised base rates are effective from October 1, 2017.

2017-09-19 :Bank of Baroda signs MoU with Finolex Plasson Industries

Public sector lender, Bank of Baroda has signed memorandum of understanding (MoU) with Finolex Plasson Industries. With this initiative, the bank aims to provide easy finance to the small farmers including agricultural loans and business loans to further improve their agricultural produce.

2017-09-15 :Bank of Baroda to offer small business loans to Amazon sellers

Bank of Baroda has tied up with Amazon for micro lending to Amazon sellers. Under the arrangement, the bank will offer loans to its MSMEs starting from Rs. 1 lakh to Rs. 25 lakh. The loans will carry an interest rate of 10.45 to 11.5 per cent annually and will be sanctioned in a span of 3 to 5 days.

Bank of Baroda home loan advantage offer allows customers to sync their home loan deposits with a separate saving bank account linked to the home loan. Under this offering, the borrower is eligible to utilize the overdraft facility and may enjoy lesser home loan interest burden for their savings account deposit.

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